Formosa Petrochemical stock slips 1.4 percent after oil rally

Published on 10/05/2026 at 12:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Formosa Petrochemical stock was at TWD 98.60 on October 5 after a 1.40 percent decline. Second-quarter revenue reached TWD 182.98 billion, while five analysts set a Buy consensus.

Formosa Petro, TW0006505001, Illustration mit AI erstellt.

Formosa Petrochemical stock (ISIN TW0006505001) was trading at TWD 98.60 on the Taiwan Stock Exchange on October 5, 2026, down TWD 1.40 or 1.40 percent from the previous close. The move followed a 6.16 percent gain on October 2, when higher international crude prices lifted Taiwan petrochemical shares, according to Focus Taiwan.

Oil prices drove the earlier move

Focus Taiwan reported on October 2 that the Taiwan petrochemical index gained 1.73 percent as international crude prices rose. Formosa Petrochemical finished that session at TWD 100.00, giving the company a direct link to energy-price sentiment.

The October 5 quote stood between a session low of TWD 97.70 and a high of TWD 101.00, with the stock opening at TWD 100.50. Its TWD 98.60 price was 4.27 percent below the 52-week high of TWD 103.00 and 156.77 percent above the 52-week low of TWD 38.40.

Second-quarter earnings set the base

Formosa Petrochemical reported second-quarter revenue of TWD 182.98 billion and net income of TWD 20.78 billion for the period ended June 30, 2026, according to Investing.com. The finance statements also show diluted earnings per share of TWD 2.18 for the quarter.

That earnings base matters because the company operates across oil refining and the production of petrochemical raw materials. Its products include gasoline, diesel, jet fuel, naphtha, ethylene, propylene and butadiene, according to MarketScreener.

Consensus target stays below the price

The valuation picture is more cautious than the recent share-price performance. Investing.com lists a Buy consensus from five analysts, with three Buy ratings, one Hold and one Sell, while the average 12-month target is TWD 77.20, with a TWD 40.00 low and TWD 100.00 high.

The average target lies 21.70 percent below the October 5 price of TWD 98.60. TradingView lists October 29, 2026 as the next earnings date, giving the market a defined checkpoint after the second-quarter result.

Stock remains near its yearly high

Formosa Petrochemical's market capitalization was TWD 939.3 billion on October 5, 2026, while trading volume reached 20,132,170 shares. The stock's position 4.27 percent below its yearly high leaves refining margins, crude prices and the October earnings update as the main measurable reference points.